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The more active professional boards are being replaced by the board as a rubber stamp of the CEO.
Quality Cost Report
A detailed analysis of the costs related to ensuring the quality of products or services, including prevention, appraisal, and failure costs.
Prevention Costs
Expenses incurred to avoid the production of defective products or the provision of faulty services.
Appraisal Costs
Expenses associated with the evaluation and inspection of products to ensure they meet quality standards and requirements.
Throughput Time
The total time taken to manufacture a product, which includes processing, inspection, move, and queue times.
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